The ongoing legal proceedings between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) are entering a potentially decisive phase, as a critical court-imposed deadline approaches. With more than four years of litigation behind them, stakeholders are anticipating the next development, which could determine whether the case moves toward resolution or enters another prolonged phase. Context of the June 16 Deadline On April 10, 2025, Ripple and the SEC submitted a joint request to the U.S. Court of Appeals for the Second Circuit, asking for a temporary 60-day suspension of the case. The goal was to allow both sides additional time to finalize a tentative agreement that would settle key aspects of the dispute. According to the proposed terms, Ripple agreed to pay a reduced civil penalty of $50 million , significantly lower than the initial $125 million sought by the SEC. In addition, both parties agreed to vacate a previously imposed permanent injunction that had restricted Ripple’s future institutional sales of XRP. The court granted the requested stay on April 16, establishing June 16, 2025, as the deadline by which the SEC must submit a formal status update to the court. The update is expected to clarify whether the parties have reached a finalized agreement or if additional time will be needed to do so. Importance of the Upcoming Status Report The SEC’s report will be instrumental in determining how the case proceeds. It is anticipated to contain information about the current status of negotiations and whether the agency and Ripple are prepared to move forward with a conclusive settlement. If the report confirms that a settlement has been finalized, both parties may file motions to withdraw their pending appeals and close the case. However, if an agreement has not been completed, the SEC may request an extension of the pause, allowing more time for ongoing discussions. In a less favourable scenario, failure to agree could result in the resumption of litigation. The crypto community, particularly XRP holders, is monitoring the situation as the court’s next steps could influence the regulatory classification of XRP and its future market viability in the U.S. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Previous Motion for Indicative Ruling Denied Earlier this year, both parties had jointly filed a motion requesting an indicative ruling from U.S. District Judge Analisa Torres. This would have signaled the court’s willingness to modify its final judgment in light of the parties’ proposed agreement. However, Judge Torres rejected the motion, stating that the request did not satisfy the legal threshold necessary for such an indication under federal rules. This denial added a layer of complexity to the resolution process. Since then, no new motion for an indicative ruling has been submitted by either party. As a result, the status report due by June 15 will play a central role in outlining whether further court intervention is required. The deadline marks an important point in the litigation timeline. While there has been no official statement confirming that a final agreement has been reached, both Ripple and the SEC have expressed a shared interest in avoiding further court battles. The upcoming report will likely reaffirm this mutual intent and provide a clearer outlook on whether a resolution is imminent. With the June 15 court deadline fast approaching, attention remains fixed on how the SEC will respond. The filing could significantly impact the course of the case and potentially the broader regulatory environment for digital assets in the United States. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Ripple vs SEC: Here’s Why June 16 Could Change Everything for XRP Holders appeared first on Times Tabloid .
